Prepare for Mifid II enforcement, European firms warned

Financial firms should not be complacent but should 'act swiftly' to identify areas where they might not be fully compliant, Deloitte says

By

Lucy McNulty

December 7, 2017 3:14 p.m. GMT

European financial institutions must not assume that regulators will go easy when new trading rules come into effect in January 2018, consultancy Deloitte has warned.

The second iteration of Europe's Markets in Financial Instruments Directive comes into effect in just 26 days. The rules are intended to make European markets safer and more transparent, and to target conflicts of interest in trading but they will also fundamentally change the way in which trades are executed, reported and monitored.